PayPal Holdings Inc (PYPL - Get Report) is expected to report earnings of 68 cents a share on sales of $4.1 billion after the market closes Wednesday, based on a FactSet survey of 40 analysts.

In the same period a year ago the company posted earnings of 57 cents a share on sales of $3.7 billion.

The stock has risen 15.6% since the company last reported earnings on Jan. 30.

Quarterly estimates have risen less than 1 cent a share in the past month.

TheStreet's Eric Jhonsa noted in a recent Tech Check column that Venmo, a peer-to-peer payment system popular with millennials and GenXers, is poised to become an important growth driver for PayPal.

PayPal is currently trading at a price-to-forward-earnings ratio of 34.8 based on the 12-month estimates of 41 analysts surveyed by FactSet.

Jim Cramer and the AAP team are watching the IT services sector. To find out more about what stocks they like in the industry click here now to get more from Action Alerts PLUS.


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